Secure Trust Bank (LON:STB) Given New GBX 1,959 Price Target at Canaccord Genuity

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Secure Trust Bank (LON:STB) had its target price hoisted by investment analysts at Canaccord Genuity from GBX 1,714 ($22.55) to GBX 1,959 ($25.77) in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity’s price objective would suggest a potential upside of 19.45% from the stock’s current price.

Several other research firms also recently commented on STB. Peel Hunt reiterated a “reduce” rating and issued a GBX 1,300 ($17.10) price objective on shares of Secure Trust Bank in a report on Wednesday, October 16th. Shore Capital reiterated a “buy” rating on shares of Secure Trust Bank in a report on Wednesday. Finally, Peel Hunt reiterated a “reduce” rating and issued a GBX 1,300 ($17.10) price objective on shares of Secure Trust Bank in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,464.75 ($19.27).

Shares of LON:STB traded up GBX 30 ($0.39) on Wednesday, hitting GBX 1,640 ($21.57). The company had a trading volume of 173,161 shares, compared to its average volume of 4,657. Secure Trust Bank has a 1-year low of GBX 1,130 ($14.86) and a 1-year high of GBX 1,730 ($22.76). The stock has a market cap of $303.03 million and a price-to-earnings ratio of 10.15. The stock has a 50 day moving average price of GBX 1,533.80 and a 200 day moving average price of GBX 1,403.70.

Secure Trust Bank Company Profile

Secure Trust Bank PLC provides retail banking products and services in the United Kingdom. It operates in seven segments: Real Estate Finance, Asset Finance, Commercial Finance, Personal Lending, Motor Finance, Retail Finance, and Consumer Mortgages. The Real Estate Finance segment provides finance for commercial and residential real estate developments and investments, as well as for mixed development projects.

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